Securitize appoints former PayPal executive as general counsel in preparation for a SPAC listing.
TL;DR
Securitize hires former PayPal legal head Jerome Roche as General Counsel ahead of its $1.25 billion Nasdaq SPAC listing, aiming to tokenize equity and focus on regulatory compliance and tech innovation.
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According to ChainCatcher, asset tokenization company Securitize announced the hiring of former PayPal Digital Assets Legal Head Jerome Roche as General Counsel in preparation for the company's Nasdaq listing through a SPAC owned by Cantor Fitzgerald.
The acquisition is expected to value Securitize at $1.25 billion and will be traded under the ticker symbol SECZ. Securitize plans to tokenize its equity and is the issuer of BlackRock's on-chain government bond fund, BUIDL. Roche stated that his professional focus is "at the intersection of regulatory compliance and technological innovation."